Economy: India Muscles Past France

 India emerged as the world's sixth largest economy in 2017 surpassing France and likely to go past the United Kingdom, which is at the fifth position, according to an analysis of data compiled by the World Bank. In 2017, India became the sixth largest economy with a Gross Domestic Product (GDP) of USD 2.59 trillion, relegating France to the seventh position. As per the data, the GDP of France stood at USD 2.58 trillion. The United Kingdom, which is facing Brexit blues, had a GDP of USD 2.62 trillion, which is about USD 25 billion more than that of India. The US is the world's largest economy with a size of USD 19.39 trillion, followed by China at the second place. Japan and Germany are at the third and fourth places, respectively. India’s economy grew at a seven-quarter high of 7.7 per cent in the three months ended March 2018, helped by higher government spending and investment. This edition of ‘The Big Picture’ analyses what does being the world's 6th largest economy mean for India?

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